TE Connectivity Ltd. $TEL Stock Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. boosted its stake in TE Connectivity Ltd. (NYSE:TEL) by 763.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,990 shares of the electronics maker’s stock after purchasing an additional 100,790 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in TE Connectivity were worth $24,061,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in TE Connectivity by 5.7% during the second quarter. State Street Corp now owns 13,639,381 shares of the electronics maker’s stock worth $2,750,079,000 after purchasing an additional 730,084 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of TE Connectivity by 48.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,709,235 shares of the electronics maker’s stock valued at $1,554,259,000 after purchasing an additional 2,507,569 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of TE Connectivity by 3.5% in the 2nd quarter. Baird Financial Group Inc. now owns 3,237,914 shares of the electronics maker’s stock valued at $652,796,000 after purchasing an additional 109,020 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TE Connectivity by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,958,535 shares of the electronics maker’s stock valued at $618,121,000 after buying an additional 118,284 shares during the period. Finally, Amundi grew its stake in shares of TE Connectivity by 37.2% during the 1st quarter. Amundi now owns 2,256,878 shares of the electronics maker’s stock valued at $471,733,000 after buying an additional 612,180 shares during the period. 91.43% of the stock is currently owned by hedge funds and other institutional investors.

TE Connectivity Stock Performance

NYSE TEL opened at $224.75 on Wednesday. TE Connectivity Ltd. has a one year low of $190.27 and a one year high of $252.56. The company’s 50 day moving average price is $210.07 and its 200 day moving average price is $213.31.

TE Connectivity Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 20th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $3.12 annualized dividend and a dividend yield of 1.4%.

Analyst Ratings Changes

A number of research firms have recently commented on TEL. UBS Group upped their price objective on TE Connectivity from $241.00 to $253.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Truist Financial reduced their target price on TE Connectivity from $240.00 to $215.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. JPMorgan Chase & Co. lowered their price target on TE Connectivity from $260.00 to $235.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. Citigroup lowered their price target on TE Connectivity from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of TE Connectivity in a research note on Thursday, October 22nd. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, TE Connectivity has an average rating of “Moderate Buy” and a consensus target price of $258.07.

About TE Connectivity

TE Connectivity Ltd. (NYSE: TEL) is a global technology and manufacturing company that designs and produces connectivity and sensor solutions. Its products help transmit power, data and signals across a range of applications, including vehicles, industrial equipment, communications networks, aerospace systems, medical devices and consumer electronics.

The company’s product portfolio includes connectors, terminals, relays, sensors, antennas, circuit-protection products, wire and cable assemblies, and related application tooling.